ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says – Finance Bitcoin News
The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases....
Finance
A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023 – Finance Bitcoin News
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves...
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say – Finance Bitcoin News
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the...
India, Russia Mull Payment System Integration in Face of US Sanctions – Finance Bitcoin News
The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible...
BRICS to Promote National Currencies Before Issuing Common One – Finance Bitcoin News
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative...
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again – Finance Bitcoin News
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual...
Systemic Swiss Banks Not Ready for Crisis, Regulator Says – Finance Bitcoin News
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The...
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says – Finance Bitcoin News
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist...
Russia to Work With Digital Currencies of Other Nations – Finance Bitcoin News
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of...
Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance – Finance Bitcoin News
According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure...
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements – Finance Bitcoin News
Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in...
Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate – Finance Bitcoin News
Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body....
Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple – Finance Bitcoin News
Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European...
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says – Finance Bitcoin News
Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to...
Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say – Finance Bitcoin News
Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council...
Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services – Finance Bitcoin News
Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial...
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey – Finance Bitcoin News
The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics...
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud – Finance Bitcoin News
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas,...
Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks – Finance Bitcoin News
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations...
Shares of Deutsche Bank, Other Euro Lenders Tumble – Finance Bitcoin News
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability...
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion – Finance Bitcoin News
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit...
US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks – Finance Bitcoin News
A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses...
